What exactly did Deutsche Bank change for IHG on February 19, 2026?

Deutsche Bank maintained IHG at **Hold** and raised the price target to **13,000 GBp**. The action kept the rating neutral while increasing the valuation target.

How should investors interpret the IHG analyst rating Hold?

A Hold means neither buy nor sell. It suggests balanced upside and downside. Investors should wait for clearer earnings or catalyst signals before increasing exposure.

Does the new IHG price target mean an upgrade is coming?

Not necessarily. A higher price target can reflect better valuation expectations without an upgrade. Deutsche Bank raised the target but kept a Hold rating, keeping the view neutral.

Where can I read the analyst note and related earnings context?

Deutsche Bank's price target update was reported by The Fly. For earnings context, see the IHG Q4 2025 transcript on Seeking Alpha. [source](https://seekingalpha.com/article/4870783-intercontinental-hotels-group-plc-ihg-q4-2025-earnings-call-transcript)

Analyst Ratings

Deutsche Bank maintained Hold on IHG InterContinental Hotels Group PLC Feb 2026

ByDanny Kontos February 20, 2026

Deutsche Bank maintained IHG at Hold on February 19, 2026 and raised its price target to 13,000 GBp. The IHG analyst rating stayed neutral, reflecting confidence in the recovery but caution on near-term margins. Deutsche Bank kept the rating, not upgrading or downgrading the stock. This decision follows IHG’s Q4 2025 results and a fresh $950 million buyback announcement.